10 February 2017
New York
Reporter: Stephanie Palmer

ISITC creates working group for collateral


The International Securities Association for Institutional Trade Communication (ISITC) has formed a new industry trade group focused on developing best practices in the collateral management lifecycle.

The Margin and Collateral Working Group will discuss issues around regulatory jurisdiction rules and timelines, and operational best practices for collateral management processing.

It will also consider messaging standards for collateral calls, dispute resolution, margining and asset movement and segregation.

Amy Caruso, limited director of strategy and North America business development at DTCC-Euroclear Global Collateral will co-chair the group with Wayne Forsythe, managing director at State Street.

A third co-chair will join Caruso and Forsythe, but has not yet been appointed.

Caruso said: “This working group was created in response to the need for more clarity on current challenges in the collateral industry.”

She added: “We are eager to share best practices and have spirited conversations on the way forward. All who are interested are welcome to join."

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